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Personal loans in Vergennes, VT

A personal loan in Vergennes is repaid in equal monthly installments over a fixed term, with the rate set from your credit history, income and debts. Vergennes's Census population of roughly 2,566 makes it the 11th-largest of 40 places in Vermont. Rate caps and licensing for consumer lenders in Vermont come from state law, and the sourced rows below set them out.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Vergennes at a glance

  • Population: 2,566 (US Census Bureau, Vintage 2023 subcounty estimate), the 11th-largest of 40 places in Vermont.
  • 2020 Census base: 2,555 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: an increase of about 0.4% since the 2020 count (US Census Bureau).
  • Rank among Vermont places: 11th out of 40 Census places (US Census Bureau).
  • Size percentile: about 72% of Vermont's Census places are smaller (US Census Bureau).
  • Coordinates: mapped at 44.1677, -73.2553 by the US Census Bureau Gazetteer.
  • Nearest larger cities: South Burlington, VT (19 mi); Burlington, VT (22 mi); Winooski, VT (23 mi); Essex Junction, VT (23 mi); Montpelier, VT (35 mi) — straight-line distances, US Census Bureau populations.
  • Nearest smaller places: Lake Placid, NY (37 mi); Cambridge, VT (37 mi); Jeffersonville, VT (39 mi) (US Census Bureau estimates).

What a personal loan costs in Vergennes

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.

Vermont lending rules that apply in Vergennes

The table carries the Vermont rate and licensing rules that apply to consumer loans made in Vergennes.

RuleDetailSource
State lending regulatorVermont Department of Financial Regulation (DFR), Banking Division
Source says: The Banking Division regulates the below listed non-depository financial services.
Vermont Department of Financial Regulation (DFR)
as of 2026-09-16
Maximum legal interest rate (usury cap)12% per annum general legal rate; 18% permitted for certain single-payment loans by regulated lenders (9 V.S.A. § 41a)
Source says: the rate of interest or the sum allowed for forbearance or use of money shall be 12 percent per annum computed by the actuarial method
Vermont General Assembly (Vermont Statutes Online)
as of 2026-09-16
Payday lending statusProhibited — payday loans (postdated check lending) are explicitly banned in Vermont
Source says: Payday loans (loans contingent on a postdated payment instrument) are explicitly banned.
Vermont Attorney General
as of 2026-09-16
Small-loan / installment lender licensingLender license required from the Commissioner (8 V.S.A. ch. 73, § 2201)
Source says: Without first obtaining a license under this chapter from the Commissioner, a person shall not
Vermont General Assembly (Vermont Statutes Online)
as of 2026-09-16

How to compare offers in Vergennes

Before you commit to a personal loan in Vergennes, work through these steps:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Vermont using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Vergennes?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Vergennes are the same as elsewhere in Vermont.
How much can I borrow with a personal loan in Vergennes?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Vergennes require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Vergennes hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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